Nova Minerals Identifies Significant Gold Anomaly Near Korbel Deposit — Nova Minerals Limited

Event summary

Nova Minerals discovered a new gold anomaly at Portage Pass, 2.5km from the Korbel deposit, with rock samples grading up to 14.3 g/t Au.
The anomaly shows a geochemical signature comparable to Korbel, with mineralization appearing more consistent and higher grade.
2026 soil sampling and IP geophysical surveys are planned to further explore the potential valley-scale extension.
The Estelle Project's 2025 surface sampling program covered 75 line kilometers, 430 soil samples, 170 rock samples, and 26 stream sediment samples.

The big picture

Nova's discovery at Portage Pass underscores the potential of the Estelle Project within Alaska's Tintina Gold Belt, a region hosting some of the world's largest gold mines. The find comes as Nova advances its critical minerals strategy, backed by a substantial U.S. Department of War award, highlighting the company's dual focus on gold and antimony. The proximity of the new anomaly to the Korbel deposit suggests a broader mineralized trend, positioning Nova for potential resource growth and infrastructure optimization.

What we're watching

Resource Expansion: Whether the Portage Pass anomaly can replicate the scale and grade of the Korbel deposit, potentially adding significant ounces to Nova's resource base.
Execution Risk: The pace at which Nova can advance the anomaly through soil sampling and geophysical surveys, given the planned 2026 work program.
Strategic Positioning: How Nova integrates this new discovery into its broader Estelle Project development, particularly in relation to existing infrastructure and proposed access roads.